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Gold/Mining/Energy : Gold Price Monitor
GDXJ 107.29-0.9%Dec 2 4:00 PM EST
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To: Sun Tzu who wrote (115943)1/18/2024 1:40:44 PM
From: Rarebird1 Recommendation

Recommended By
Sun Tzu

  Read Replies (2) of 116791
 
I see a very large rally in the 10 year bond after the current correction is over. I also see a big drop in the USD.

I have much smaller positions than I usually have so I am not very concerned about price at the moment.

It is always ugly when it comes to gold mining bottoms.

I am extremely confident that RGLD will be trading at $178 this year . Look at KRRGF or KRR.TO from your end. These stocks are going down grudgingly. Can they go down some more? Of course, they can. That's why I don't have full positions yet.

I have been through this so many times, Sun, in regard to the Gold Miners.

I just don't see the short term downtrend lasting much longer. Maybe another 5% on GDX, but it is not needed.

I look at stocks from a risk/reward perspective. I see limited risk in relation to the outrageous reward here.

Isn't there a saying that " it is always dark before the dawn?"
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